Americans have been hit hard this week, from new jobless claims rising (PDF) to a that’s shut off heat and water in some areas, delaying COVID-19 vaccination for millions. Now passing a new , and the for up to included in it, has become even more urgent.
We know the House of Representatives plans to pass the bill by the end of February, on its way through the Senate and onto President Joe Biden’s desk by the middle of March. Even that deadline to approve a could be difficult to meet, with the timeline potentially sloshing over into the following week if there’s a disagreement over details contained in the bill. The House Budget Committee will begin its markup of the bill on Feb. 22.
The timeline for passing a bill is just one piece of the puzzle for when you could personally see your next stimulus check. Another is how long it could take the, and a third is which payment group you’d be in to receive it. Below, we map out possible dates and explore questions about the , so read on for more details. This story was recently updated.
Stimulus payment timeline: The important dates to keep an eye on
The House of Representatives is expected to pass the first iteration of theby next weekend, before sending it over to the Senate. There, it could pick up amendments before passing (which is ) before the House votes again and it’s sent to Biden to sign.
Though we can’t say for sure when a bill would pass, we have a pretty good idea if all goes according to plan. We also suggest dates if negotiations slip a week while finalizing the bill.
The chart below also suggests when the IRS could potentially start sending the next check to different payment groups (, and ), based on how quickly it turned around the previous check. However, the , and there’s a new treasury secretary, Janet Yellen, at the helm. It could take weeks for the IRS to process every group’s funds, so consider these dates a starting point, and read on for more details. We’ll refresh these dates as the situation evolves.
When could the next stimulus check possibly arrive?
|Stimulus check passes Congress||Friday, March 12||Monday, March 22|
|Stimulus bill signed into law||Sunday, March 14||Tuesday, March 23|
|First direct deposit check sent||Week of March 22||Week of March 29|
|First paper checks sent||Week of March 29||Week of April 5|
|First EIP cards sent||Week of April 5||Week of April 12|
|Claims for missing stimulus money open||May 3||May 3|
Which stimulus payment group you could be in, and why it matters
The way you get your stimulus money could help determine when you get your stimulus money. deposits going to temporary accounts, which were rejected by banks.typically get their stimulus checks faster, as evidenced by the first two rounds of payments. But both times there have been issues involving
The IRS told CNET in January that some people who received a physical check orthe first time may get paid by the other method the second time around. And, anecdotally, we’ve heard of people who received direct deposit payments the first time finally getting an EIP card in the mail — and not an electronic bank transfer — two weeks after the IRS tool said the payment was issued.
Our recommendation is to make sure you haveas part of your , if you . We also suggest you attempt to , so you’re set with your most recent financial information.
The other payment groups loosely defined (by us) include Social Security beneficiaries, who received payments a different way the first time if they’re part of the, and people with more complex scenarios that could lead to potential . People in different have been one example, and so have , as well as those with .
How fast could you get the third stimulus check?
In fewer than three weeks from the date the IRS and Treasury sent about 147 million payments. That was a tremendously . Back in March, it took the IRS 19 days after the CARES Act passed before the Treasury and IRS issued the first round of those $1,200 checks, out of a total of about 160 million payments.bill passed in December, the
In both cases, delivery didn’t always go smoothly. Some people reported they received EIP cards from the second payment two weeks after the date the. (If you didn’t get yours, you have to .)
There was also aas a result of the IRS’ rush to get payments delivered and people who didn’t get their payment may now have to . But the scenario suggests that if the protocols are in place, the IRS could theoretically ship out third stimulus checks within days and weeks, rather than weeks and months. Tax season, however, could throw a big wrench into the gears — more below.
How tax season might affect your third stimulus payment
Since theis likely to drop in the (taxes are ), the IRS may have to based on the most recent tax filing it has. That would be your , or 2019 if the check is ready before your tax return is. This could also . (Learn more about some of the .)
If you’re owed money, you, until you file your 2021 taxes in 2022, according to the latest proposal.
By mid-March, tens of millions of Americans may have already received their tax refunds, which could make it tricky for the IRS to straighten out problems or redact refunds after issuing.
Could a third stimulus check arrive sooner than the second one did?
There may be, assuming it happens. For example, signing up for with your 2020 tax return would put you in the priority category for a third stimulus payment.
And if you’ve. Here are our other suggestions for how people can make it more likely to . Note that there could be some that may not apply to a possible third stimulus check.
Would the IRS have another deadline for sending out payments?
The Jan. 15 deadline set for the second stimulus check was written into the text of the bill without explanation. It isn’t immediately clear if the bill text would adopt another cutoff in the future, or if that was a one-time consideration that took into account the IRS’s overlapping need to process stimulus checks and prepare for the. Last year, the .
The two overlap with the second stimulus check in that anyone who didn’t receive all or part of their second payment must claim it as part of the IRS’— even if they have .
What do different groups of people need to know about stimulus checks?
Stimulus checks aren’t necessarily a one-size-fits-all situation. Here are our guides for:
Here’s, including what to do if you run into problems with .